{"success":true,"data":{"pressRelease":{"id":"179633","rtpr_id":"nGNXbkGL80-20261026","ticker":"AYI","exchange":"NYSE","all_tickers":["AYI"],"title":"Acuity Announces Agreement to Acquire Parameter Technologies","author":"Globe Newswire","published_at":"2026-10-26T12:30:00.323Z","article_body":"Expanding Acuity’s Data Center Portfolio from Edge Control to Leak\nDetection, Sensing and Monitoring\n* Parameter is a Leader in Data Center Leak Detection, a Fast-Growing Market\nDriven by the Shift to Liquid Cooling\n* Transaction Expected to Close in the Second Quarter of Fiscal 2027 and be\nAccretive to Acuity Fiscal 2027 Full-Year Adjusted Diluted Earnings per Share\nATLANTA, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE: AYI) (the\n\"Company\" or \"Acuity\") has reached a definitive agreement to acquire Parameter\nTechnologies (\"Parameter\") for a purchase price of $675 million. It is\nexpected to be accretive to Acuity's fiscal 2027 full-year adjusted diluted\nearnings per share.\n\nParameter provides mission-critical leak detection, environmental monitoring\nand battery monitoring solutions for data centers and other critical\ninfrastructure. Its accurate, location-specific leak detection capabilities\nhelp customers identify issues earlier, reduce disruption and protect critical\nequipment as data centers adopt more complex liquid cooling systems. Upon\nclosing, Parameter will become part of Distech Controls(TM) within Acuity\nIntelligent Spaces. Parameter shares Distech’s go-to-market channels, which\ninclude system integrators and distributors, and will deepen Distech’s\nrelationships with cooling equipment OEMs.\n\n“Parameter has built a high-performing business that is highly complementary\nto Distech’s portfolio,” said Peter Han, President of Acuity Intelligent\nSpaces. “By combining Parameter’s sensing, detection and monitoring\ntechnology with Distech’s edge controls, we expand our capabilities in data\ncenters and deepen relationships with channel partners. This builds on\nDistech’s proven ability to solve customer problems and scale adjacent\ntechnologies that support durable growth for Acuity Intelligent Spaces.”\n\nParameter expects to deliver sales of approximately $100 million for calendar\n2027, representing growth of more than 30 percent year-over-year, and EBITDA\nmargins of approximately 40 percent. The acquisition is expected to be\naccretive to Acuity Intelligent Spaces revenue growth and margins.\n\n“We have built our business around technology that customers trust to\nprotect critical equipment,” said Michael Blazes, Chief Executive Officer of\nParameter. “Joining Acuity allows us to build on that success. Together, we\ncan bring our technology to more applications, help customers identify issues\nearlier and take action to better protect their operations.”\n\nAcquisition Financing and Close\n\nWe anticipate funding the transaction using $500 million in borrowings and the\nremainder with cash on the balance sheet. The transaction is expected to close\nin the second quarter of fiscal 2027, subject to customary closing conditions,\nincluding, among others, the expiration of the waiting period under the\nHart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.\n\nPJT Partners is serving as financial advisor to Acuity and Baker McKenzie is\nproviding external legal counsel. J.P. Morgan and Bank of America are leading\nthe financing.\n\nAbout Acuity\n\nAcuity Inc. (NYSE: AYI) is a market-leading industrial technology company. We\nuse technology to solve problems in spaces, light and more things to come.\nThrough our two business segments, Acuity Brands Lighting (ABL) and Acuity\nIntelligent Spaces (AIS), we design, manufacture, and bring to market products\nand services that make a valuable difference in people’s lives.\n\nWe achieve growth through the development of innovative new products and\nservices, including lighting, lighting controls, building management\nsolutions, and an audio, video and control platform. We focus on customer\noutcomes and drive growth and productivity to increase market share and\ndeliver superior returns. We look to aggressively deploy capital to grow the\nbusiness and to enter attractive new verticals.\n\nAcuity Inc. is based in Atlanta, Georgia, with operations across North\nAmerica, Europe and Asia. The Company is powered by approximately 13,000\ndedicated and talented associates. Visit us at www.acuityinc.com.\n\nAbout Parameter Technologies\n\nParameter Technologies develops monitoring and detection solutions for data\ncenters, utilities and critical infrastructure. Through its RLE Technologies\nand CellWatch brands, Parameter provides leak detection, environmental\nmonitoring and battery monitoring solutions that help facility operators\nprotect performance and minimize costly downtime. Parameter is headquartered\nin Fort Collins, Colorado, with engineering and service operations in Raleigh,\nNorth Carolina, and sales and service capabilities in Milton Keynes, United\nKingdom.\n\nForward-Looking Information\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, pursuant to the safe harbor\nprovisions of the Private Securities Litigation Reform Act of 1995 (the\n\"Act\"). Forward-looking statements include, but are not limited to, statements\nthat describe or relate to our plans, initiatives, projections, vision, goals,\ntargets, commitments, expectations, objectives, prospects, strategies, or\nfinancial outlook, and the assumptions underlying or relating thereto. In some\ncases, we may use words such as \"expect,\" \"believe,\" \"intend,\" \"anticipate,\"\n\"estimate,\" \"forecast,\" \"indicate,\" \"project,\" \"predict,\" \"plan,\" \"may,\"\n\"will,\" \"could,\" \"should,\" \"would,\" \"potential,\" and words of similar meaning,\nas well as other words or expressions referencing future events, conditions,\nor circumstances, to identify forward-looking statements. We intend these\nforward-looking statements to be covered by the safe harbor provisions for\nforward-looking statements contained in the Act. Forward-looking statements\nare not guarantees of future performance. Our forward-looking statements are\nbased on our current beliefs, expectations, and assumptions, which may not\nprove to be accurate, and are subject to known and unknown risks and\nuncertainties, assumptions, and other important factors, many of which are\noutside of our control and any of which could cause our actual results to\ndiffer materially from those expressed or implied by the forward-looking\nstatements. These risks and uncertainties are discussed in our filings with\nthe U.S. Securities and Exchange Commission, including our most recent annual\nreport on Form 10-K (including, but not limited to, the sections titled \"Risk\nFactors\" and \"Management's Discussion and Analysis of Financial Condition and\nResults of Operations\"), quarterly reports on Form 10-Q, and current reports\non Form 8-K. Any forward-looking statement speaks only as of the date on which\nit is made. This press release is not comprehensive, and for that reason,\nshould be read in conjunction with such filings. You are cautioned not to\nplace undue reliance on any forward-looking statements. Except as required by\nlaw, we undertake no obligation to publicly update or release any revisions to\nthese forward-looking statements to reflect any events or circumstances after\nthe date of this press release or to reflect the occurrence of unanticipated\nevents, whether as a result of new information, future events, or otherwise.\n\nInvestor Contact:\nCharlotte McLaughlin\nVice President, Investor Relations\n(404) 853-1456\ninvestor.relations@acuityinc.com\n\nMedia Contact:\nApril Appling\nSenior Vice President, Corporate Marketing and Communications\ncorporatecommunications@acuityinc.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8cebb0-073f-43eb-97b0-0ac93b5b9efe)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbkGL80-20261026","title":"Acuity Announces Agreement to Acquire Parameter Technologies","author":"Globe Newswire","ticker":"AYI","created":"2026-10-26T12:30:00.323Z","tickers":["AYI"],"exchange":"NYSE","article_body":"Expanding Acuity’s Data Center Portfolio from Edge Control to Leak\nDetection, Sensing and Monitoring\n* Parameter is a Leader in Data Center Leak Detection, a Fast-Growing Market\nDriven by the Shift to Liquid Cooling\n* Transaction Expected to Close in the Second Quarter of Fiscal 2027 and be\nAccretive to Acuity Fiscal 2027 Full-Year Adjusted Diluted Earnings per Share\nATLANTA, Oct. 26, 2026 (GLOBE NEWSWIRE) -- Acuity Inc. (NYSE: AYI) (the\n\"Company\" or \"Acuity\") has reached a definitive agreement to acquire Parameter\nTechnologies (\"Parameter\") for a purchase price of $675 million. It is\nexpected to be accretive to Acuity's fiscal 2027 full-year adjusted diluted\nearnings per share.\n\nParameter provides mission-critical leak detection, environmental monitoring\nand battery monitoring solutions for data centers and other critical\ninfrastructure. Its accurate, location-specific leak detection capabilities\nhelp customers identify issues earlier, reduce disruption and protect critical\nequipment as data centers adopt more complex liquid cooling systems. Upon\nclosing, Parameter will become part of Distech Controls(TM) within Acuity\nIntelligent Spaces. Parameter shares Distech’s go-to-market channels, which\ninclude system integrators and distributors, and will deepen Distech’s\nrelationships with cooling equipment OEMs.\n\n“Parameter has built a high-performing business that is highly complementary\nto Distech’s portfolio,” said Peter Han, President of Acuity Intelligent\nSpaces. “By combining Parameter’s sensing, detection and monitoring\ntechnology with Distech’s edge controls, we expand our capabilities in data\ncenters and deepen relationships with channel partners. This builds on\nDistech’s proven ability to solve customer problems and scale adjacent\ntechnologies that support durable growth for Acuity Intelligent Spaces.”\n\nParameter expects to deliver sales of approximately $100 million for calendar\n2027, representing growth of more than 30 percent year-over-year, and EBITDA\nmargins of approximately 40 percent. The acquisition is expected to be\naccretive to Acuity Intelligent Spaces revenue growth and margins.\n\n“We have built our business around technology that customers trust to\nprotect critical equipment,” said Michael Blazes, Chief Executive Officer of\nParameter. “Joining Acuity allows us to build on that success. Together, we\ncan bring our technology to more applications, help customers identify issues\nearlier and take action to better protect their operations.”\n\nAcquisition Financing and Close\n\nWe anticipate funding the transaction using $500 million in borrowings and the\nremainder with cash on the balance sheet. The transaction is expected to close\nin the second quarter of fiscal 2027, subject to customary closing conditions,\nincluding, among others, the expiration of the waiting period under the\nHart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.\n\nPJT Partners is serving as financial advisor to Acuity and Baker McKenzie is\nproviding external legal counsel. J.P. Morgan and Bank of America are leading\nthe financing.\n\nAbout Acuity\n\nAcuity Inc. (NYSE: AYI) is a market-leading industrial technology company. We\nuse technology to solve problems in spaces, light and more things to come.\nThrough our two business segments, Acuity Brands Lighting (ABL) and Acuity\nIntelligent Spaces (AIS), we design, manufacture, and bring to market products\nand services that make a valuable difference in people’s lives.\n\nWe achieve growth through the development of innovative new products and\nservices, including lighting, lighting controls, building management\nsolutions, and an audio, video and control platform. We focus on customer\noutcomes and drive growth and productivity to increase market share and\ndeliver superior returns. We look to aggressively deploy capital to grow the\nbusiness and to enter attractive new verticals.\n\nAcuity Inc. is based in Atlanta, Georgia, with operations across North\nAmerica, Europe and Asia. The Company is powered by approximately 13,000\ndedicated and talented associates. Visit us at www.acuityinc.com.\n\nAbout Parameter Technologies\n\nParameter Technologies develops monitoring and detection solutions for data\ncenters, utilities and critical infrastructure. Through its RLE Technologies\nand CellWatch brands, Parameter provides leak detection, environmental\nmonitoring and battery monitoring solutions that help facility operators\nprotect performance and minimize costly downtime. Parameter is headquartered\nin Fort Collins, Colorado, with engineering and service operations in Raleigh,\nNorth Carolina, and sales and service capabilities in Milton Keynes, United\nKingdom.\n\nForward-Looking Information\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, pursuant to the safe harbor\nprovisions of the Private Securities Litigation Reform Act of 1995 (the\n\"Act\"). Forward-looking statements include, but are not limited to, statements\nthat describe or relate to our plans, initiatives, projections, vision, goals,\ntargets, commitments, expectations, objectives, prospects, strategies, or\nfinancial outlook, and the assumptions underlying or relating thereto. In some\ncases, we may use words such as \"expect,\" \"believe,\" \"intend,\" \"anticipate,\"\n\"estimate,\" \"forecast,\" \"indicate,\" \"project,\" \"predict,\" \"plan,\" \"may,\"\n\"will,\" \"could,\" \"should,\" \"would,\" \"potential,\" and words of similar meaning,\nas well as other words or expressions referencing future events, conditions,\nor circumstances, to identify forward-looking statements. We intend these\nforward-looking statements to be covered by the safe harbor provisions for\nforward-looking statements contained in the Act. Forward-looking statements\nare not guarantees of future performance. Our forward-looking statements are\nbased on our current beliefs, expectations, and assumptions, which may not\nprove to be accurate, and are subject to known and unknown risks and\nuncertainties, assumptions, and other important factors, many of which are\noutside of our control and any of which could cause our actual results to\ndiffer materially from those expressed or implied by the forward-looking\nstatements. These risks and uncertainties are discussed in our filings with\nthe U.S. Securities and Exchange Commission, including our most recent annual\nreport on Form 10-K (including, but not limited to, the sections titled \"Risk\nFactors\" and \"Management's Discussion and Analysis of Financial Condition and\nResults of Operations\"), quarterly reports on Form 10-Q, and current reports\non Form 8-K. Any forward-looking statement speaks only as of the date on which\nit is made. This press release is not comprehensive, and for that reason,\nshould be read in conjunction with such filings. You are cautioned not to\nplace undue reliance on any forward-looking statements. Except as required by\nlaw, we undertake no obligation to publicly update or release any revisions to\nthese forward-looking statements to reflect any events or circumstances after\nthe date of this press release or to reflect the occurrence of unanticipated\nevents, whether as a result of new information, future events, or otherwise.\n\nInvestor Contact:\nCharlotte McLaughlin\nVice President, Investor Relations\n(404) 853-1456\ninvestor.relations@acuityinc.com\n\nMedia Contact:\nApril Appling\nSenior Vice President, Corporate Marketing and Communications\ncorporatecommunications@acuityinc.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2b8cebb0-073f-43eb-97b0-0ac93b5b9efe)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-26T12:30:00.372024869Z","server_sent_at_ms":1793017800372},"received_at":"2026-10-26T12:30:00.485Z","source_url":null},"analysis":{"id":"167513","press_release_id":"179633","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["adds $500 million of new borrowings to fund the acquisition","accretion figures rely on forward-looking target projections not yet delivered"],"eventType":"m_and_a","narrative":"Acuity agreed to acquire Parameter Technologies, a data-center leak detection and environmental monitoring provider, for $675 million.\n\nParameter expects roughly $100 million of calendar 2027 sales, growing more than 30% year-over-year with EBITDA margins near 40%, and the deal is expected to be accretive to Acuity's fiscal 2027 adjusted EPS.\n\nAcuity plans to fund the purchase with $500 million in borrowings plus balance-sheet cash, closing expected in fiscal Q2 2027 pending HSR clearance.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Acuity doubles down on data-center infrastructure with a $675M bolt-on targeting the liquid-cooling shift."},"keyFigures":{"dealValueUsd":675000000,"customDimensions":{"financing_borrowings":"$500 million","target_ebitda_margin":"approximately 40 percent","target_revenue_growth_yoy":"more than 30 percent","target_calendar_2027_sales":"$100 million"}},"quotedText":"Parameter has built a high-performing business that is highly complementary to Distech's portfolio","namedEntities":{"people":[{"name":"Peter Han","role":"President of Acuity Intelligent Spaces"},{"name":"Michael Blazes","role":"CEO of Parameter Technologies"}],"products":["Distech Controls","RLE Technologies","CellWatch"],"companies":[{"name":"Acuity Inc.","ticker":"AYI","relationship":"acquirer"},{"name":"Parameter Technologies","relationship":"target"},{"name":"PJT Partners","relationship":"financial advisor to Acuity"},{"name":"Baker McKenzie","relationship":"legal counsel to Acuity"},{"name":"J.P. Morgan","relationship":"financing lead"},{"name":"Bank of America","relationship":"financing lead"}],"dollarAmounts":[{"amount":"$675 million","context":"purchase price for Parameter Technologies"},{"amount":"$500 million","context":"borrowings to fund the acquisition"},{"amount":"approximately $100 million","context":"Parameter expected calendar 2027 sales"}]},"materialImpact":{"score":4,"reasoning":"Definitive $675 million acquisition of Parameter Technologies, expanding Acuity's data-center portfolio; deal is expected to be accretive to fiscal 2027 adjusted EPS. Funded with $500M in new borrowings plus cash."},"tickerRelevance":{"others":[],"primary":"AYI"},"globalImportance":45,"audienceRelevance":40,"eventTypeSecondary":["debt_offering"],"importanceComponents":{"tickerTier":"mid/large-cap S&P component","eventGravity":"$675M M&A","sectorWeight":"data-center theme resonance","marketCapAdjustment":"moderate relative to Acuity size"}},"event_type":"m_and_a","event_type_secondary":["debt_offering"],"sentiment":"bullish","material_impact_score":4,"narrative":"Acuity agreed to acquire Parameter Technologies, a data-center leak detection and environmental monitoring provider, for $675 million.\n\nParameter expects roughly $100 million of calendar 2027 sales, growing more than 30% year-over-year with EBITDA margins near 40%, and the deal is expected to be accretive to Acuity's fiscal 2027 adjusted EPS.\n\nAcuity plans to fund the purchase with $500 million in borrowings plus balance-sheet cash, closing expected in fiscal Q2 2027 pending HSR clearance.","key_figures":{"dealValueUsd":675000000,"customDimensions":{"financing_borrowings":"$500 million","target_ebitda_margin":"approximately 40 percent","target_revenue_growth_yoy":"more than 30 percent","target_calendar_2027_sales":"$100 million"}},"named_entities":{"people":[{"name":"Peter Han","role":"President of Acuity Intelligent Spaces"},{"name":"Michael Blazes","role":"CEO of Parameter Technologies"}],"products":["Distech Controls","RLE Technologies","CellWatch"],"companies":[{"name":"Acuity Inc.","ticker":"AYI","relationship":"acquirer"},{"name":"Parameter Technologies","relationship":"target"},{"name":"PJT Partners","relationship":"financial advisor to Acuity"},{"name":"Baker McKenzie","relationship":"legal counsel to Acuity"},{"name":"J.P. Morgan","relationship":"financing lead"},{"name":"Bank of America","relationship":"financing lead"}],"dollarAmounts":[{"amount":"$675 million","context":"purchase price for Parameter Technologies"},{"amount":"$500 million","context":"borrowings to fund the acquisition"},{"amount":"approximately $100 million","context":"Parameter expected calendar 2027 sales"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-26T12:30:06.934Z","global_importance":45,"audience_relevance":40,"importance_components":{"tickerTier":"mid/large-cap S&P component","eventGravity":"$675M M&A","sectorWeight":"data-center theme resonance","marketCapAdjustment":"moderate relative to Acuity size"}},"durationMs":5946,"modelName":"glm-5.3-flashx"}}